One Sotheby’s and partners launch mortgage lending firm

CapHouse Financial will offer commercial and resi loans

TRD MIAMI /
Aug.August 22, 2018 01:30 PM

Joel Eidelstein, Matthew Eidelstein and Daniel de la Vega (Credit: iStock)

Daniel de la Vega of One Sotheby’s, and lenders Joel Eidelstein and Matthew Eidelstein just launched a new mortgage lending company based in Miami.

CapHouse Financial, based out of One Sotheby’s International Realty’s Miami Design District headquarters, aims to be a direct lender and consultancy firm for residential and commercial properties in Miami-Dade, Broward and Palm Beach counties.

“From the One Sotheby’s perspective, it was evident that our clients needed a real focused mortgage consultant solution,” said de la Vega, president of the brokerage.

The move into mortgage lending could be seen as a sign of diversification and a new income source for One Sotheby’s. Firms like the Keyes Company, EWM Realty International and Coldwell Banker offer similar supplemental services.  Last year, Fortune International Group launched a bridge lending firm with Rialto Capital Management. 

CapHouse Financial will provide conventional loans, investment loans and foreign national loans, as well as financing for retail, office, flex warehouse and other commercial property types. It will also lend to developers in all stages – from entitling land to bulk financing.

The company will likely lend between $250 million and $350 million annually for the first couple of years, Joel Eidelstein said.

Matt Eidelstein leads the development and operations of CapHouse. He previously founded Universal Capital Corp., a mortgage brokerage in Florida.

Joel Eidelstein is managing partner of New Wave Loans Residential and Rivo Alto Partners. New Wave is one of the largest private lenders in Florida and has provided more than $650 million of first mortgage loans, and Rivo Alto is an investment adviser to high-net-worth individuals and family offices.


Related Articles

arrow_forward_ios
Rendering of the Brickell hotel development, Tony Cho and Robert Finvarb

Finvarb and Cho land construction loan for mixed-use hotel near Brickell City Centre

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Neiman Marcus CEO Geoffroy Van Raemdonck (Credit: Getty Images)

Struggling Neiman Marcus scores loan from Credit Suisse for Coral Gables store

Developers land $74.5M loan for condo construction project at Ocean Reef Club

Ceiba Groupe's Managing Principal Adam Bedzow and a rendering of Suede Downtown Davie

Ceiba Groupe nabs $46M loan for Downtown Davie project

JW Marriott Miami Turnberry Resort & Spa with Jeffrey Soffer, and a rendering of the Shore Club with Ziel Feldman

Jeffrey Soffer’s Turnberry Isle, HFZ’s Shore Club hotel close refinancings

From left: Alirio Torrealba, Robert Barthelmess and Kenneth Baboun with Biltmore Parc

Biltmore Parc developer scores condo inventory loan for unsold units

Alirio Torrealba and Daniel de la Vega with Biltmore Square

One Sotheby’s takes over remaining sales of Coral Gables boutique projects from Fortune Realty

arrow_forward_ios